ACTIVE

LANCE

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Financial year 2025 · closed on 31/12/2025

Net result

180,4 k €

+60.1% YoY

Gross margin

459,0 k €

+31.6% YoY

Equity

1,4 M €

+6.1% YoY

Workforce

5,1 ETP

+27.5% YoY

What does LANCE do?

LANCE is a Private limited company incorporated in 1968. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Eupen. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.463.391

Incorporation

01/01/1968

Legal form

Private limited company

Registered office

Rue de Herbesthal 130
4700 Eupen · WallonieSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2025

Average workforce

5,1 ETP

Activities (NACE)

46732Wholesale of wood, construction materials and sanitary equipment· main 46832Wholesale trade, except of motor vehicles and motorcycles 47522Retail sale of hardware, paints and glass in specialised stores 47522Retail sale of hardware, paints and glass in specialised stores 51531Air transport

Joint committees (2)

12502
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	459,0 k €	+31.6%	348,8 k €	-32.3%	515,5 k €	-32.1%	759,0 k €	-7.0%	816,4 k €	+52.7%	534,5 k €	+10.4%	484,0 k €	-0.3%	485,6 k €	+16.1%	418,2 k €	-1.6%	424,8 k €	-10.2%	473,3 k €	+2.7%	460,7 k €	+0.5%	458,4 k €	-3.9%	476,9 k €	+13.4%	420,5 k €	-8.9%	461,5 k €	+4.9%	440,0 k €	-4.3%	459,8 k €	+5.2%	437,3 k €
EBITDA	265,2 k €	+41.6%	187,3 k €	-46.5%	350,2 k €	-35.6%	544,0 k €	-10.4%	607,0 k €	+95.3%	310,9 k €	+38.7%	224,1 k €	+57.7%	142,1 k €	+76.3%	80,6 k €	-10.2%	89,7 k €	-27.1%	123,1 k €	+60.6%	76,6 k €	-34.3%	116,6 k €	+30.5%	89,3 k €	+12.9%	79,2 k €	-31.5%	115,6 k €	+23.0%	94,0 k €	-7.7%	101,9 k €	+4.9%	97,1 k €
Operating result	191,8 k €	+56.1%	122,9 k €	-55.2%	274,4 k €	-42.1%	473,8 k €	-9.3%	522,3 k €	+150%	208,7 k €	+67.0%	124,9 k €	+131%	54,2 k €	+327%	12,7 k €	-65.3%	36,5 k €	-40.7%	61,6 k €	+119%	28,1 k €	-61.5%	72,9 k €	+132%	31,5 k €	-16.5%	37,7 k €	-48.9%	73,7 k €	+35.7%	54,3 k €	-20.0%	67,9 k €	+31.2%	51,8 k €
Net result	180,4 k €	+60.1%	112,7 k €	-46.1%	209,0 k €	-41.4%	356,4 k €	-9.2%	392,4 k €	+143%	161,4 k €	+51.2%	106,8 k €	+207%	34,8 k €	+146%	14,1 k €	-57.9%	33,6 k €	-33.6%	50,6 k €	+92.3%	26,3 k €	-46.5%	49,2 k €	+79.4%	27,4 k €	-5.6%	29,0 k €	-52.6%	61,2 k €	+16.7%	52,4 k €	-16.0%	62,4 k €	+25.7%	49,6 k €
Balance sheet
Equity	1,4 M €	+6.1%	1,3 M €	+2.6%	1,3 M €	+9.3%	1,2 M €	+15.4%	1,0 M €	+31.3%	773,8 k €	+7.9%	717,4 k €	+1.0%	710,6 k €	+0.1%	709,8 k €	+2.0%	695,7 k €	+0.5%	692,0 k €	+0.1%	691,4 k €	+0.2%	690,1 k €	+0.0%	689,9 k €	+0.1%	689,5 k €	+0.0%	689,5 k €	+0.5%	686,3 k €	+0.1%	685,8 k €	+0.1%	685,4 k €
Total assets	1,8 M €	+5.4%	1,8 M €	+0.1%	1,8 M €	-15.2%	2,1 M €	+23.6%	1,7 M €	+24.1%	1,3 M €	-4.0%	1,4 M €	+5.7%	1,3 M €	+4.3%	1,3 M €	+4.8%	1,2 M €	-2.5%	1,2 M €	-4.0%	1,3 M €	+3.2%	1,3 M €	-1.2%	1,3 M €	+17.1%	1,1 M €	-1.1%	1,1 M €	-1.6%	1,1 M €	-8.5%	1,2 M €	+2.6%	1,2 M €
Cash	531,4 k €	+8.0%	491,9 k €	-1.0%	496,9 k €	-28.2%	691,7 k €	+21.3%	570,0 k €	+50.3%	379,4 k €	+45.7%	260,4 k €	+28.8%	202,2 k €	+6.9%	189,1 k €	-18.5%	232,1 k €	-11.9%	263,3 k €	+40.0%	188,1 k €	-22.5%	242,9 k €	+1.2%	240,0 k €	+16.5%	206,1 k €	-18.8%	254,0 k €	-7.0%	273,0 k €	+23.0%	221,9 k €	+52.2%	145,7 k €
Debts	452,6 k €	+3.4%	437,6 k €	-6.6%	468,5 k €	-47.5%	892,1 k €	+36.2%	654,9 k €	+14.4%	572,4 k €	-16.4%	684,4 k €	+11.3%	615,2 k €	+9.6%	561,4 k €	+8.6%	517,0 k €	-6.4%	552,1 k €	-8.7%	604,4 k €	+7.0%	565,0 k €	-2.6%	579,8 k €	+47.0%	394,4 k €	-3.1%	406,9 k €	-4.8%	427,4 k €	-19.6%	531,5 k €	+6.2%	500,7 k €
Other
Workforce	5,1 ETP	+27.5%	4,0 ETP	-7.0%	4,3 ETP	-27.1%	5,9 ETP	+7.3%	5,5 ETP	-6.8%	5,9 ETP	-18.1%	7,2 ETP	-11.1%	8,1 ETP	-12.0%	9,2 ETP	+1.1%	9,1 ETP	+2.2%	8,9 ETP	-10.1%	9,9 ETP	-3.9%	10,3 ETP	+7.3%	9,6 ETP	+3.2%	9,3 ETP	-6.1%	9,9 ETP	+7.6%	9,2 ETP	+1.1%	9,1 ETP	0.0%	9,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

FJMA

Managing director · 0732.802.336

Represented by Frédéric JERUSALEM

Active

Guy JERUSALEM

Managing director

Active

Ended mandates

FJMA

Managing director · since 19 décembre 2019 · 0732.802.336

Represented by Frédéric JERUSALEM

Ended

Guy JERUSALEM

Managing director · since 19 décembre 2019

Ended

Guy JERUSALEM

Manager

Ended

Luc JERUSALEM

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	03/06/2025	04/07/2024	28/06/2023	28/06/2022	06/07/2021
General meeting	30/05/2026	31/05/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	31/05/2025	03/06/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	24/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	25/06/2022	28/06/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	06/07/2021	French	PDF
Abridged model	31/12/2019	20/06/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	02/01/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	26/06/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	07/07/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	20/06/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	25/06/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	09/06/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

FJMA

Managing director · 0732.802.336

Represented by Frédéric JERUSALEM

Active

Guy JERUSALEM

Managing director

Active

Ended mandates

FJMA

Managing director · since 19 décembre 2019 · 0732.802.336

Represented by Frédéric JERUSALEM

Ended

Guy JERUSALEM

Managing director · since 19 décembre 2019

Ended

Guy JERUSALEM

Manager

Ended

Luc JERUSALEM

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other18/10/2021
ASSEMBLEE GENERALE
PDF
Mandates31/01/2020
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - MODIFICATION FORME JURIDIQUE
PDF
Mandates18/11/2003
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025180,4 k €↑
2024
Annual accounts 2024112,7 k €↓
2023
Annual accounts 2023209,0 k €↓
2022
Annual accounts 2022356,4 k €↓
2021
Annual accounts 2021392,4 k €↑
2020
Annual accounts 2020161,4 k €↑
2018
Annual accounts 2018106,8 k €↑
2017
Annual accounts 201734,8 k €↑
2016
Annual accounts 201614,1 k €↓
2015
Annual accounts 201533,6 k €↓
2014
Annual accounts 201450,6 k €↑
2013
Annual accounts 201326,3 k €↓
2012
Annual accounts 201249,2 k €↑
2011
Annual accounts 201127,4 k €↓
2010
Annual accounts 201029,0 k €↓
2009
Annual accounts 200961,2 k €↑
2008
Annual accounts 200852,4 k €↓
2007
Annual accounts 200762,4 k €↑
2006
Annual accounts 200649,6 k €
01/01/1968
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LANCE

Overview

What does LANCE do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline